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Category: Electric
Neta delivers 12,132 vehicles in Jun, including 1,201 overseas
Neta delivered 36,241 vehicles in the second quarter, up 9.89 percent from a year earlier and up 38.45 percent from the first quarter.
Neta Auto, Hozon Auto's electric vehicle (EV) brand, saw deliveries slip last month after four months of sequential growth.
Neta delivered 12,132 vehicles in June, down 6.88 percent from 13,029 in May and down 7.79 percent from 13,157 in the same month last year, according to data released today.
June deliveries included 1,201 vehicles delivered overseas, according to Neta, which is the first time it has released overseas delivery figures.
Neta's electric sports car, the Neta GT, delivered 1,298 units in June, according to the company, which did not disclose figures for other models.
The company delivered 36,241 vehicles in the second quarter, up 9.89 percent from a year earlier and up 38.45 percent from the first quarter.
In the first half of the year, Neta delivered 62,417 vehicles, down 1.13 percent from 63,131 units in the same period last year.
Neta has been seen as a budget EV maker since its inception in October 2014, as its vehicles have been priced primarily to target the lower end of the market over the past few years. The Neta V and Neta U currently start at RMB 83,900 (11,570) and RMB 118,800 in China, respectively.
The Neta S, its first effort at the premium end of the market, hit the market in China on July 31, 2022, with a current starting price range of RMB 202,800 to RMB 341,800.
On the first day of the Shanghai auto show on April 18, Neta officially launched the Neta GT sports car for a starting price of RMB 178,800 to RMB 227,800. Deliveries of the model began on May 13.
(Image credit: CnEVPost)
Neta announced its strategy to enter overseas markets in November 2021, with the first stop being Thailand.
The right-hand drive version of the Neta V was launched in Thailand on August 24, 2022, its first model offered there.
On March 10, 2023 Neta laid the foundation stone for its factory in Bangkok, Thailand, which will be its main manufacturing base for building right-hand drive electric vehicles for export to ASEAN.
On May 11, Neta announced its entry into Malaysia, officially launching the right-hand drive version of the Neta V for local consumers at the largest auto show in the region.
On June 6, Neta announced that 4,000 Neta EVs were shipped abroad, the latest new batch after 3,600 units were sent to overseas markets in March.
($1 = RMB 7.2523)
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Volkswagen’s SSP vehicle architecture back on track for 2026 debut
Filed under: Green,Audi,Porsche,Volkswagen,Coupe,Crossover,SUV,Electric,Future Vehicles,Luxury,Performance,Supercars
Continue reading Volkswagen's SSP vehicle architecture back on track for 2026 debut
Volkswagen's SSP vehicle architecture back on track for 2026 debut originally appeared on Autoblog on Sat, 1 Jul 2023 08:00:00 EDT. Please see our terms for use of feeds.
Permalink | Email this | CommentsLeapmotor delivers record 13,209 vehicles in Jun as pivot to EREVs seems to be paying off
In June, Leapmotor's flagship C-series model delivered more than 11,600 units, contributing more than 87 percent of total deliveries.
Leapmotor delivered a record number of vehicles last month, as the company's move to add extended-range electric vehicle (EREV) offerings appears to have worked to boost sales.
The company delivered 13,209 vehicles in June, surpassing the previous record of 12,525 vehicles last August, according to figures released today.
That's up 17.32 percent from 11,259 units a year ago and up 9.55 percent from 12,058 units in May.
Leapmotor delivered 33,993 vehicles in the second quarter, up 11.76 percent year-on-year and up 223.47 percent from the first quarter.
In the first half of the year, the company delivered 44,502 vehicles, down 14.41 percent from 51,994 in the same period last year.
By the end of June, Leapmotor had delivered 206,171 vehicles since its inception, according to data monitored by CnEVPost.
In June, Leapmotor's flagship C-series model delivered more than 11,600 units, contributing more than 87 percent of total deliveries, the company said today.
Of the total, more than 8,900 units of the flagship SUV model, the C11 series, were delivered, it said.
Founded in 2015 and headquartered in Zhejiang, Leapmotor's models on sale include the mini vehicle T03, the coupe model S01, the flagship SUV C11, and the flagship sedan C01.
Leapmotor has been seen as a budget EV maker for the past few years, with sales mainly contributed by the inexpensive T03, which currently has a starting price range of RMB 59,900 ($8,260) to RMB 89,900.
The C11, which went on sale September 29, 2021, and the C01, which went on sale September 28, 2022, are Leapmotor's flagship models, targeting the RMB 150,000 to RMB 300,000 range.
(Image credit: CnEVPost)
Deliveries of Leapmotor declined significantly starting in the fourth quarter of last year, falling to 1,139 units by January of this year, the lowest since March 2021.
To reverse the sales decline, Leapmotor announced plans last year to release an EREV model to target the market for larger plug-in hybrids. All of Leapmotor's previous models were battery electric vehicles (BEVs).
On March 1, Leapmotor officially launched the C11 EREV and offered 2023 models for the previously available BEVs, allowing for lower starting prices. Deliveries of the C11 EREV began in March.
Leapmotor will release an EREV variant of its flagship sedan, the C01, in July-August of this year, the company's founder, chairman and CEO Zhu Jiangming said previously.
Starting with the B-series models, all future new Leapmotor models will be offered in both BEV as well as EREV versions, Zhu said.
In late March, Leapmotor management said the company was targeting 200,000 units in 2023, nearly double the number of units sold in 2022.
Leapmotor delivered 111,168 vehicles in 2022, up 157.80 percent from 43,121 in 2021.
($1 = RMB 7.2523)
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Tesla slashes prices of premium models by 45,000 yuan (6,204 USD) in China
Premium EV market in China poses significant challenges even for Tesla
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Xpeng delivered 8,620 EVs in June, down 43% year on year
Xpeng's overall sales in the first half of 2023 also saw a sharp decline of 40%. However, the newly released Xpeng G6 orders are hot, and the official website shows that it will take 12 weeks to deliver
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Tesla stock rally won’t last as rivals like Ford, GM pile into EV space, analyst says
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Tesla stock rally won't last as rivals like Ford, GM pile into EV space, analyst says originally appeared on Autoblog on Sat, 1 Jul 2023 07:00:00 EDT. Please see our terms for use of feeds.
Permalink | Email this | CommentsNio delivered 10,707 vehicles in May, up 74%
The price cuts boosted Nio sales, but it is only a short term cure.
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Nio deliveries rebound to 10,707 units in Jun as new models bring relief
Nio delivered 23,520 vehicles in the second quarter, above the lower end of the guidance range of 23,000 to 25,000 vehicles.
Nio (NYSE: NIO) deliveries rebounded to more than 10,000 units as new models, including the new ES6, ET5 Touring and new ES8, began to be delivered.
The electric vehicle (EV) maker delivered 10,707 vehicles in June, up 73.96 percent from 6,155 in May, although down 17.39 percent from 12,961 in the same month last year, according to data released today.
The delivery included 6,383 SUVs, and 4,324 sedans, Nio said, without disclosing figures for specific models.
In the second quarter, Nio delivered 23,520 vehicles, down 6.14 percent from 25,059 in the same period last year and down 24.23 percent from 31,041 in the first quarter.
The second quarter deliveries were slightly above the lower end of the guidance range of 23,000 to 25,000 vehicles it provided on June 9. Nio guided at the time that total revenue for the second quarter would be between RMB 8.742 billion ($1.2 billion) and RMB 9.37 billion.
In the first half of the year, Nio delivered 54,561 vehicles, up 7.35 percent year-on-year.
As of June 30, Nio's cumulative vehicle deliveries reached 344,117 units.
Nio management previously mentioned that the company's goal is to double deliveries this year from last year's 122,486 units.
The figures released today mean that Nio will need to deliver an average of about 32,000 vehicles per month in the second half of the year if it is to achieve that goal.
Nio's delivery rebound in June was helped by the start of deliveries of several new models, particularly the new ES6, which is crucial to it.
The company launched the new ES6, based on the NT 2.0 platform, in China on May 24, and its deliveries began that night.
(Image credit: CnEVPost)
The new ES6 is currently available in only one version in China, starting at RMB 338,000 including batteries, the cheapest Nio SUV.
NIO's overall new order intake hit a year-to-date high, boosted by the launch of the new ES6, Morgan Stanley analyst Tim Hsiao's team said in a research note sent to investors on June 5.
On June 15, Nio launched the ET5 Touring in China, priced exactly the same as the regular ET5 sedan, which currently starts at RMB 298,000. Deliveries of the model began on June 16.
Hours after the ET5 Touring was launched in China, Nio rolled out the model as well as the EL6, known as the new ES6 in China, in Europe .
Both models will be available in Germany, the Netherlands, Sweden, Denmark and Norway, and deliveries will both begin in the fourth quarter in Europe.
On June 28, Nio began deliveries in China of the new ES8, the flagship SUV launched on Nio Day 2022, December 24, 2022.
($1 = RMB 7.2523)
NIO's new order intake hits year-to-date high with launch of new ES6, Morgan Stanley says
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Li Auto delivered 32,575 vehicles in June, up 150% than June 2022
In the first half of 2023, the cumulative delivery of Li Auto reached 139,113 vehicles, a yearly increase of 130%. Li Auto's sales in the first half of 2023 has already exceeded the sales for the whole year of 2022.
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